This thread was likely started as comedy.
(see $1 prediction on page 1 and so on. Why would Ripple be worth more than x times the sum of bitcoin, swift and all other cryptocurrencies combined?)
Because Ripple does something that no other cryptocurrency does.
It is taking a share of SWIFT's load. Even an extremely conservative 3% SWIFT load (that is 300 Billion USD by the way) moving on RCL/xrp/rccloud would mean XRP will have to be between 2 to 4 USD to be liquid and act as counter party free collateral. additional value helps re-conciliation.
now that's not that hard to get is it? .. anyways ..Go figure ! and the speed Ripple is moving with partnerships, i woudl say its going to bite a lot more then the tiny 3% i mentioned for calculation.
#PS Warning to other: btw @regexlove, @leopard2 and few more .. are well known Ripple haters. Before taking anything they say seriously, look up every word they type, and read and verify, chances are everything they say will be a lie. something they troll openly, other times they come uninvited to threads like this and deceptively leave remarks.
You are so full of shit. At best XRP will be used as a bridge. You just spew shit without backing it up with any sources.
Here is the 2016 case that Ripple makes to banks to use XRP:
https://ripple.com/files/xrp_cost_model_paper.pdfThey have moved on too a new proposal that doesn't even mention XRP:
https://ripple.com/files/ripple_solutions_guide.pdfTheir main site still presents a case for it to be used as a bridge but even acknowledges that XRP is not needed:
https://ripple.com/xrp-portal/LOL :-)
ETH DAPPS To use Ripple for settlement, win win combination ETH and Ripple Live demoYou still alive ? hope your own hatred does not burn you down, have a good rest !
LMAO
This is a demo for Interledger, for which Ripple's latest plans don't include XRP.
https://ripple.com/files/ripple_solutions_guide.pdfAny crypto could be used for settlement in that demo. is this supposed to be a rebuttal to the official sources I cited?
I have invested in ripple to and i think it is going to be one of my best investments. Thats true what you are saying, not to 100% but it is true that XRP (the Cryptocurrency) is not really needed, but Ripple was made for banks to do business around the world, they open accounts called nostro accounts that must be filled with local currency. Ripple argues this results in a waste of capital that the trials were designed to showcase.
First, Ripple contends that value is lost because currency that must be held in the account is capital that could be invested elsewhere – and adding liquidity to these accounts costs money. Second, if a customer needs to do business with the bank for an amount that exceeds what is in the nostro account, days-long delays can result.
Still, the ability for Ripple's distributed ledger to operate without a currency has proved appealing to an increasing number of financial institutions that are otherwise wary of the stigma surrounding bitcoin.
Such sentiment led Ripple to launch a report earlier this year which aimed to showcase the cost savings that using a digital currency with a distributed ledger could achieve.
Released in February, Ripple argued that its tech could provide banks with a 33% savings on international payments. Yet, this figure rose to 42% when digital currencies were used to facilitate the trades.
Indeed, the increasing use of Ripple's technology without a digital currency led to market confusion about the company and its goals, a fact acknowledged by CEO Chris Larsen in a March interview with CoinDesk.
"We could do a better job of communicating that XRP is essential to the Internet of Value," Larsen said at the time.
http://www.coindesk.com/global-banks-test-ripples-digital-currency-new-blockchain-trial/Without XRP banks are saving 33% on international payments, with XRP they are saving 42% of international payments (and that's a lot in comparison to 33%).
I don't know, in my opinion it was and it is a good investment, but everyone thinks different and at least it is all speculation, so no one can know what will happen, but i think Ripple(XRP) is going to break the 100$ mark in the next 2 years (IN MY OPINION!), 'cause there are so many other factors which must be considered.
Sorry for my bad english
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